01 Our vision of 02 Sustainable 03 Active 04 Strengthening sustainability 05 Appendices sustainability investing stewardship in our operations 02.1 Delivering change We continue to see clients moving 02.1.1 Guiding and 2023 milestones beyond managing environmental, social supporting clients and governance (ESG) risks and towards with risklab Actively managing Implementing our the expectation that their investments greenhouse gas impact framework are aligned with sustainable outcomes, Risklab is AllianzGI’s advisory and across a range of private such as supporting the pathway to solutions team that supports clients to (GHG) intensity market asset classes. net zero. Some clients have already achieve sustainable investment goals. as a key performance moved one step further towards impact Its capabilities also cover asset allocation, indicator (KPI), along with Further building on our investing and are asking for measurable risk management, private markets, wealth seeking attractive returns, 昀椀rm-wide social or environmental bene昀椀ts management and digital solutions- has now been rolled out to Sustainability from their investments, as well as related objectives. over 40 of our funds. Insights Engine 昀椀nancial returns. We assess our clients’ sustainability Enhancing our (SusIE) with a new As the possibilities expand, our ambition levels by discussing best market engagement module and commitment to sustainability does not practice. As a core feature of our o昀昀er, ESG reporting document library. change, but the way we think about it we help clients gauge the sustainability with more information Strengthening our does. Given the diversity of investors’ pro昀椀le of their portfolios alongside around carbon statistics 昀椀rm-wide objectives and requirements, our 昀椀nancial risk-and-return characteristics. and information covering sustainability sustainable investing products are built This is the basis for our advice on how regulatory-driven parameters, knowledge by rolling around a broad range of approaches to improve the sustainability pro昀椀le of such as taxonomy alignment out mandatory training to that are adaptable to di昀昀erent levels of an investment portfolio and/or achieve 27 ESG incorporation and client preferences. speci昀椀c sustainability goals, such as share and sustainable all employees in 2023. 28 Our capabilities seek to enhance our making progress on a decarbonisation investment share. Publishing our 昀椀rst clients’ investment decisions while helping path or increasing the positive biodiversity policy create bene昀椀ts for wider society. This is environmental or social contributions of statement in all part of our commitment to being a the portfolio. We aim to understand our September 2023. “sustainability shaper”. clients’ goals and then show alternative Our focus on leveraging our capabilities ways of achieving them. to deliver tangible change has continued Throughout, we provide transparency to drive the evolution of our sustainable on the implications of each pathway to investment activity. support well-balanced decisions. 27 Percentage of a fund’s AUM aligned with requirements of the EU taxonomy for sustainable activities. 28 Portfolio commits to a minimum weighted sustainable investment share (as determined by the EU Sustainable Finance Disclosure Regulation) of at least 20% and exposure to issuers not meeting the Do No Signi昀椀cant Harm principle is limited. Allianz Global Investors Sustainability and Stewardship Report 2023 19